NAME OF ASSESSEE : MANISH SHARMA

PAN : BMQPS2949H
FATHER'S NAME : BADRI LAL SHARMA
RESIDENTIAL ADDRESS : 12, RATNESHWAR ROAD, SHIV DHAM PARISHSAR, RATLAM, MADHYA
PRADESH-457001
STATUS : INDIVIDUAL ASSESSMENT YEAR : 2021 - 2022
WARD NO : FINANCIAL YEAR : 2020 - 2021
GENDER : MALE DATE OF BIRTH : 14/11/1987
COMPUTATION OF TOTAL INCOME

SALARIES 400126

BHAGAWATI ELITE : RATLAM, RATLAM, MADHYA PRADESH-457001

GROSS SALARY 450126
LESS: STANDARD DEDUCTION U/S 16(ia) 50000
TAXABLE SALARY 400126

INCOME FROM HOUSE PROPERTY 0

SELF OCCUPIED HOUSE
ADDRESS : 12, RATNESHWAR ROAD, SHIV DHAM PARISHSAR,
RATLAM, MADHYA PRADESH-457001
ANNUAL VALUE NIL
LESS: INTEREST U/S 24(b) -101357

PROFITS AND GAINS FROM BUSINESS AND PROFESSION 153000

PROFIT FROM FIRM : AMBER AUTO LINK

REMUNERATION 63000
INTEREST 90000
PROFIT 25053
178053
LESS: PROFIT EXEMPT U/S 10(2A) -25053
153000
INCOME FROM OTHER SOURCES 188349
COMMISSION AND BROCKRAGE 245204
LESS : EXPENSES -56855 188349

TOTAL 188349

INTER-HEAD ADJUSTMENT OF LOSSES U/S 71

HOUSE PROPERTY LOSS SET OFF FROM SALARY INCOME -101357
GROSS TOTAL INCOME 640118

LESS DEDUCTIONS UNDER CHAPTER-VIA

80C DEDUCTION 143632
80D MEDICAL INSURANCE PREMIA 12178
- HEALTH INSURANCE (SELF AND FAMILY) 12178
TOTAL DEDUCTIONS 155810
TOTAL INCOME 484308
TOTAL INCOME ROUNDED OFF U/S 288A 484310

COMPUTATION OF TAX ON TOTAL INCOME

TAX ON RS. 250000 NIL
TAX ON RS. 234310 (484310-250000) @ 5% 11716
TAX ON RS. 484310 11716
11716
LESS : REBATE U/S 87A 11716

LESS TAX DEDUCTED AT SOURCE

SECTION 194H: COMMISSION OR BROKERAGE 9881 9881
-9881

ADD: FEE PAYABLE U/S 234F 1000

-8881
REFUNDABLE (8881)
TAX ROUNDED OFF U/S 288B (8880)

DETAIL OF DEDUCTION U/S 80C

School Fee 80000
LIC 28000
Repayment of Housing Loan 35632
TOTAL 143632